Stifel analyst Matthew Smith downgraded J.M. Smucker (SJM) to Hold from Buy with a price target of $125, down from $135. The firm lowered estimates, standing near consensus, noting that its downgrade reflects a lack of near term catalyst, softer volume recovery relative to peers, and potential for greater reinvestment requirements to improve volume growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SJM:
- J.M. Smucker to divest Voortman cookie brand for $305M
- J.M. Smucker price target lowered to $121 from $123 at Barclays
- J.M. Smucker price target lowered to $132 from $135 at TD Cowen
- J.M. Smucker price target lowered to $122 from $130 at BofA
- J.M. Smucker price target lowered to $130 from $140 at Wells Fargo